EBS BrokerTec, ICAP’s electronic foreign exchange and fixed income business, announced it acquired Molten Markets Inc., a foreign exchange technology provider for asset managers and pension funds. The acquisition will enable EBS BrokerTec to provide asset managers with an execution management system and trade cost analysis.
Molton Markets President and CEO Simon Wilson-Taylor joins EBS BrokerTec to lead this initiative as Head of EBS Institutional FX. Wilson-Taylor has more than 35 years’ experience in financial services and founding Global Link’s FX Connect platform.
Principia Partners, a solution provider for derivative and structured finance operations, announced the launch of its online portfolio valuation, risk and accounting management service, pasVal.
The pasVal service is a web-based interface. Its valuations engine provides portfolio reporting to a wide range of derivative specialists who require pricing and analytics without the need for full-scale system ownership.
S3 announced the launch of its enhanced regulatory reporting analytics suite. Its software platform now offers support for Rule 611 and RegSHO reporting. S3’s new interface allows clients to conduct more detailed analysis on those metrics required for SEC Rule 605 and 606 reporting. S3 also announced improved capabilities for its Buy-Side Execution Quality Suite.
ICAP plc has further invested in Duco. The investment was made through Euclid Opportunities, ICAP’s early stage funding program. Terms of the investment were not disclosed.
As part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress mandated that the CFTC adopt position limits to address the risk of excessive speculation in physical commodity derivatives. Now, instead of requiring a participant that has a 50% or more interest in an entity to apply for and obtain prior approval from the Commission, the CFTC’s proposal relies on a notice filing.
Environmental Financial Products
Environmental Financial Products LLC and CBOE Holdings Inc. announced plans to launch the American Financial Exchange, an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds.
Fitch Learning is pleased to announce the appointment of Diane Saucier as Client Relationship Manager, based in Chicago. In this newly created role, Saucier will work closely with the group sales teams to support financial sector clients in their training needs. She will also help introduce clients to other Fitch Group offerings such as financial information and research.
Campbell & Company
Longtime CTA Campbell & Company has opened an office in New York City, marking its first expansion beyond its Baltimore headquarters. Campbell opened its new office in midtown Manhattan in order to facilitate meetings and better serve its growing base of domestic and international investors. Campbell is an absolute return investment advisor specializing in systematic managed futures and equity market-neutral strategies.
International foreign exchange broker Exness has implemented SunGard’s IntelliMatch Operational Control solution to meet its new reconciliation and compliance requirements. The Cypress based broker’s trading volumes increased to $111 billion in Q2, exceeding $660 billion in total.
Ullink announced that SinoPac Securities has chosen Ullink’s low-latency Direct Market Access solution to access the Hong Kong Stock Exchange and Singapore Derivatives Exchange, together with Ullink’s comprehensive pre-trade risk management solution UL Iris.
Duco announced that it has established a U.S. subsidiary, Duco Technology Inc., and opened its first North American office in New York. Duco appointed its first New York based hire, David Zelinger, who used Duco Cube as a customer with a major service provider and has been named managing director, Americas.
Duco also announced the appointment of Emmanuel Lesur as Chief Revenue Officer, responsible for global sales. Lesur was previously head of sales at Milestone Group.
Warrington Asset Management
Dallas-based hedge fund Warrington Asset Management, announced in October that Christian Johnson has joined the firm as Global Head of Strategic Business Development. Johnson has a 25-year history in the alternative investments industry, beginning his career with Prudential-Bache Securities in the futures research department under the tutelage of “Market Wizards” author Jack Schwager.